Press Release: The Luxury Club
December 20, 2001
After gold, India's obsession they say is with travel. Until recently it was greatly restricted to domestic destinations.
Today the globe is our oyster. 1992 saw RCI the world leaders in vacation exchange, come to India. Timeshares or
Vacation Ownership is cost effective, inflation-proof and provides quality vacations exchanges. Over the years
the market in India has grown, matured and evolved. Premium audiences who are exposed to world trends are seriously
looking at vacation ownership.
"In addition, consumer perceptions are becoming increasingly positive as more leisure travelers discover the
appeal of condominium-style accommodations plus the flexibility of exchanging vacation time in popular destinations
across the globe," said Mr. Raju Shahani Director RCI India
New needs are emerging. In answer to that our branded offering The Luxury
Club "Lifestyle Vacations… Lifetime Options" It perfectly sums up what The Luxury Club is all about.
This first Top-Of-The-Line global vacation product in India is a new paradigm in the Vacation Ownership business
and happens to be the first in India to be associated with RCI
Points Rewards program The product offering would include suites inventory from Le Royal Meridien Mumbai, Le
Meridien Residence Mumbai and Holiday Inn Ahmedabad. The product entails a one time purchase of a week of Vacation
Ownership at The Luxury Club. RCI Points equivalent to the value of the week are credited to the member every year
for the next 25 years, for redemption as per the convenience and manner in which the member wishes in RCI affiliated
resorts and services offered by RCI points partners.
"The Luxury Club membership will work best for individuals to whom enhancing family lifestyle is a priority.
It is designed to suit a variety of needs, catering to individuals, couples or families. It gives our members a
fabulous opportunity to holiday in 3700 exquisite resorts all over the world, coupled with a complete range of
exciting options which would progressively include a complete range of lifestyle focused products and services
- flights, car rentals, leading hotels, luxury cruises, theme parks, golf resorts and so on. The member can avail
of all this and more with the most economical and inflation proof investment validated for 25 years," said
Sanjay Bhaduri, Chief Executive Officer, The Luxury Club.
"We are confident that the new exchange partnership will better serve our members who will have access to
RCI's fabulous range of vacation opportunities and afford our own Group significant scope to expand, while continuing
to develop the Club exclusively for our members," said Shahid Balwa Managing Director Le Royal Meridien.
""We are very pleased to join forces with Le Royal Meridien, this alliance is a win for our customers
who will benefit from expanded choice, as well as for our partners, who will benefit from increased guest traffic,"
Said Brett Archibald Managing Director, RCI Europe & Asia
"The Luxury Club is planning to offer a loan facility to customers from premium financial institutions, which
can be repaid over a period of time through an EMI, much like a housing loan. This program assists customers finance
their purchase through affordable monthly installments," said Sanjay Bhaduri, Chief Executive Officer, The
Luxury Club. "There is a marginal loan transaction fee and the customer can repay his or her loan over a
period of as much as 5 years."
RCI is the undisputed leader in vacation exchange in India, controlling over 85% of the global market. Le Royal
Meridien, Mumbai is the 1st boutique five star luxury hotel of its kind in Mumbai. Coupled with the RCI Points,
this integrated product The Luxury Club is geared to provide unparalleled flexibility and a unique vacation shopping
experience for the discerning traveler in India as well as abroad.
"The Luxury Club" "Lifestyle Vacations… Lifetime Options"